Rights Issue16 Jul 2026, 07:00 pm
Geetanjali Credit Capital to Raise ₹90 Cr via Rights Issue
AI Summary
Geetanjali Credit and Capital Ltd announced an increase in its authorized share capital from ₹10 Crore to ₹100 Crore. The board also approved a proposal to raise funds up to ₹90 Crore through a rights issue of equity shares. Additionally, the company approved the draft notice for its 36th Annual General Meeting (AGM) scheduled for August 21, 2026, and approved the reconstitution of various board committees. Mr. Mukesh Gupta resigned as Non-Executive Independent Director.
Key Highlights
- Authorized capital increased from ₹10 Cr to ₹100 Cr.
- Board approved rights issue to raise up to ₹90 Cr.
- 36th AGM scheduled for August 21, 2026.
- Independent Director Mr. Mukesh Gupta resigned.
- Board committees to be reconstituted.
Price Impact
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